Multibagger Muhurta Trading Stocks: Anuj Gupta believes that strong charts and positive trading outlook are expected to give support to these stocks in the long term.
• Multibagger Stocks: Anuj Gupta has recommended shares of Federal Bank, IHCL, Renuka Sugar, DLF and Coal India for today's Muhurta trading session.
Multibagger Diwali Stock Picks: Amidst the celebration of Diwali 2022, stock market investors will be eagerly waiting for the Muhurta trading session which is scheduled from 6:15 PM to 7:15 PM today. Muhurat business is considered auspicious among investors as it also marks the beginning of a new Samvat. Hence, new investments are made with the expectation of huge returns with the advent of the new Samvat.
muhurta trading stock 2022
Anuj Gupta, Vice President - Research, IIFL Securities believes that a good number of stocks have delivered strong results and are expected to continue with positive quarterly numbers. Apart from this, some stocks are also making strong chart formation. IIFL Securities expert recommends 5 stocks that can emerge as one of the multibagger stocks in the next one year. Those 5 potential multibagger stocks are Federal Bank, Renuka Sugars, Coal India, DLF and Indian Hotels Company.
Here we list the detail reasons Anuj Gupta is giving on these potential multibagger stocks:
1] Federal Bank: Banking stock has formed higher top highs and South Indian Bank delivered strong Q2 results in the current fiscal. Positional investors can buy the stock today during Muhurat trading for the next Diwali target ₹ 230 level. He advised investors to accumulate on every major fall from the current levels.
2] Renuka Sugar: IIFL Securities Expert believes that ethanol demand and higher exports of sugar may support the sugar stocks. He said that the shares of Renuka Sugars are looking strong on the chart pattern and it is also following the trend line. He advised the positional investors to buy Renuka Sugar stock during the Muhurta trading session with a target of ₹120 per level for one year.
3] Coal India Limited or CIL: Anuj Gupta of IIFL Securities said that Coal India is a dividend paying stock and the PSU company is also debt free. The stock is following the triangle formation on the chart pattern, which indicates a strong uptrend in the stock. Anuj Gupta said that it can go up to Rs 500 per level from the current market price of Rs 238 per level.
4] DLF: Rising demand for luxury real estate is supporting the stock as the real estate company delivered strong quarterly numbers. Anuj Gupta says one can buy the stock at current levels with a target of ₹600 and deposit above ₹265 level.
5] Indian Hotels Company: On rising demand post-Covid, Tata Group hotels are expected to improve margins and other important aspects of the balance sheet. The stock is expected to continue its bullish trend as it is forming a 'higher top higher bottom' on the charts. During Muhurta trading today one can buy the stock at current levels with a target of ₹500 for one year and keep depositing above ₹255 levels.
No comments:
Post a Comment